Hello,

I need help with my Accounting Questions.

I need detailed explanation Please.

Thank You So much.

1. Indicate the effect of liquidating dividends on net income Select one: Increase lb. Decrease c. No effect 2. The two methods of allocating cash received in lump-sum sales are the proportional method and he method Select one: a. Weighted Average b. Straight-line r c. Effective d. Incremental 3. What equity account, if any, is increased when Treasury Stock is sold below cost Select one: a. n capital b. Retained Earnings c. Treasury stock d. No equity account is increased in such a transaction. 4. All of the following normally are found in a corporation's stockholders' equity section except Select one: s Dividends in Arrears b. Common Stock c. Paid-in Capital in Excess of Par Value d. Retained Earnings 5. Authorized shares minus lssued shares equals Select one: a. Unissued shares b. Treasury Shares c. Outstanding Shares d. Subscribed Shares